Price index of Kuwait Stock Exchange (KSE) closed with limited rise upon end of the past week sessions, in shadow of noticeable trades and speculations targeting small stocks.
Bayan Investment Company said in a report released on Saturday the KSE weighted index posted marginal losses as a result of sell-offs' pressure on bluechips.
Most of the past week sessions were distinguished with a wave of selling, focusing on diverse stocks including the leading ones, namely of the banking and services sectors. Moreover, the market was affected with speculations and quick profit generation, targeting mainly small stocks, namely in investment and property sectors.
The KSE turned, to a certain measure, bullish as a result of deals on leading and small stocks, thus resulting in ups by the price index.
However, the market remained gripped with an atmosphere of anticipation among the investors, adopting a wait-and-see attitude for forecast financial disclosures of the listed companies.
KSE capital value fell 0.12 percent to KD 28.07 billion.